Micron Technology Inc (NASDAQ: MU) has a higher price-to-earnings ratio of 146.19x compared to its average ratio. MU has 36-month beta value of 1.16. Analysts have mixed views on the stock, with 27 analysts rating it as a “buy,” 9 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MU is 1.11B, and currently, short sellers hold a 3.09% ratio of that float. The average trading volume of MU on December 03, 2024 was 21.70M shares.
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MU) stock’s latest price update
The stock of Micron Technology Inc (NASDAQ: MU) has increased by 0.61 when compared to last closing price of 97.95. Despite this, the company has experienced a -3.98% fall in its stock price over the last five trading sessions. zacks.com reported 2024-12-02 that The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price.
MU’s Market Performance
Micron Technology Inc (MU) has seen a -3.98% fall in stock performance for the week, with a -1.10% decline in the past month and a 11.26% surge in the past quarter. The volatility ratio for the week is 3.25%, and the volatility levels for the past 30 days are at 3.13% for MU. The simple moving average for the past 20 days is -3.97% for MU’s stock, with a -10.45% simple moving average for the past 200 days.
Analysts’ Opinion of MU
Many brokerage firms have already submitted their reports for MU stocks, with China Renaissance repeating the rating for MU by listing it as a “Buy.” The predicted price for MU in the upcoming period, according to China Renaissance is $148 based on the research report published on October 28, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see MU reach a price target of $135, previously predicting the price at $115. The rating they have provided for MU stocks is “Buy” according to the report published on September 26th, 2024.
TD Cowen gave a rating of “Buy” to MU, setting the target price at $115 in the report published on September 19th of the current year.
MU Trading at -4.89% from the 50-Day Moving Average
After a stumble in the market that brought MU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.44% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 3.25%, as shares sank -1.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.42% upper at present.
During the last 5 trading sessions, MU fell by -3.98%, which changed the moving average for the period of 200-days by +20.73% in comparison to the 20-day moving average, which settled at $102.63. In addition, Micron Technology Inc saw 15.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MU starting from Bokan Michael W, who sale 10,000 shares at the price of $109.03 back on Oct 21 ’24. After this action, Bokan Michael W now owns 179,032 shares of Micron Technology Inc, valued at $1,090,300 using the latest closing price.
MICHAEL W. BOKAN, the Officer of Micron Technology Inc, proposed sale 10,000 shares at $109.03 during a trade that took place back on Oct 21 ’24, which means that MICHAEL W. BOKAN is holding shares at $1,090,310 based on the most recent closing price.
Stock Fundamentals for MU
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.22 for the gross margin
The net margin for Micron Technology Inc stands at 0.03. The total capital return value is set at 0.02. Equity return is now at value 1.74, with 1.16 for asset returns.
Based on Micron Technology Inc (MU), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 1.87.
Currently, EBITDA for the company is 9.58 billion with net debt to EBITDA at 0.73. When we switch over and look at the enterprise to sales, we see a ratio of 4.65. The receivables turnover for the company is 3.8for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.64.
Conclusion
To put it simply, Micron Technology Inc (MU) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
